Can assets be protected in a divorce?

Many people assume when getting married, especially perhaps for the second time, that any assets which they have built up at that time, whether property, investments or pension, will not be the subject of a claim by their spouse, should that marriage fail. This is not, however, correct.

Unless the parties have agreed otherwise the court can, and usually will, take into account all and any assets regardless of where they came from. Thus a business or professional person can find themselves in the position where their hard won savings or business may be at risk.

Most of these problems can be avoided by making a properly constructed agreement before the marriage or, indeed, afterwards. If you want to ensure that your wealth is protected, please call Harrison Drury’s family law team which specialises in financial and property matters during divorce.

For more information, contact Damin.Baron@harrison-drury.com, or call 01772 258321.